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MNI: EUROZONE DATA: Final Services PMIs (May 2019)...>

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MNI: EUROZONE DATA: Final Services PMIs (May 2019) Preview - 09:00 BST
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- EZ (Final): Bbg Consensus: 52.5; Prelim: 52.5; Prev (Apr): 52.8
- Germany (Final): Bbg Consensus: 55.0; Prelim: 55.0; Prev (Apr): 55.7
- France (Final): Bbg Consensus: 51.7; Prelim: 51.7; Prev (Apr): 50.5
- Italy: Bbg Consensus: 49.8; Prev (Apr): 50.4
- Spain: Bbg Consensus: 52.5; Prev (Apr): 53.1
- Final EZ number anticipated to confirm flash reading showing services PMI at
4-month low in May
- While the German index declined by 0.7pts, the French index rose by 1.2pts to
a six-month high
- As such, the drop in the aggregate EZ services PMI suggests a weaker
performance in Italy & Spain
- Indeed, markets expect a 0.6pt decline for both countries in May... 
- ... with the index expected to drop into contraction territory in Italy for
the first time since Jan, but to remain safely in expansion in Spain

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